NTPC to set up 5,000-MW ultra mega solar park in Gujarat, Rajasthan Posted on 20th August 2019

NTPC, India’s largest power producer, is planning to set up ultra mega solar parks (UMSPs) of 5,000 MW capacity across solar radiation-rich states of Gujarat and Rajasthan to help India meet its 2022 renewable energy target, and to reduce its overall dependence on fossil fuel. NTPC chairman and MD Gurdeep Singh said the first ultra mega solar park will come up in Kutch district of Gujarat, while the next is planned in Rajasthan. “We have identified the location, and the process for acquisition of land will start soon in Kutch. We plan to invite the bids for the first phase of the park by March 2020,” Singh said.

NTPC will not just invest in development of these UMSPs, but will also act as an enabler to invite investment from developers and investors who can also buy power from the projects if required. This is in deviation from the previous model where developers were not allowed to invest in solar parks.

“It is a recent phenomenon which just happened a month back and is still work in progress. I have found lot of interest in this project,” Singh said. “The plant is likely to cost around Rs 20,000 crore in debt and equity at a ratio of 70:30,” he said.

NTPC is of the view that the potential for UMSPs is huge with these couple of plants being the tip of an iceberg. “In a meeting with various public sector companies, we chose Gujarat and Rajasthan, while other PSUs will take up the remaining states in coming months,” Singh said.

NTPC is likely to sell around 60-70% of power produced on merchant sale basis and keep only around 30% on PPA basis to begin with, the company management told analysts in a meet. The UMSP comes after the not so successful launch of ultra mega power projects (UMPPs).

In 2006 government devised a plan to set up 36 UMPPs with a capacity of 4,000 MW each. The government awarded 4 UMPPs three to Reliance Power and one to Tata Power, however, only two — Tata Power’s Mundra UMPP and Sasan UMPP of Reliance Power — could see the light of the day due to various fuel supply and land acquisition related issues.

NTPC has a renewable energy portfolio of 5,941 MW as EPC projects, where 928 MW is installed capacity, 379 MW is under implementation, 2141 is under tendering and another 2510 MW is under planning stage, while it is a developer for 11,233 MW of renewable projects from which it buys power. Earlier in March, this year the government introduced new guidelines to ease the land acquisition and power evacuation infrastructure for solar parks which were auctioned by SECI.

Under the new guidelines, called Mode-7, SECI will make both government and private land available for successful bidders for setting up projects with the assistance of state government. The state government would be paid a facilitation charge of Rs 0.02 per unit of power being generated in these parks. However, the planned NTPC UMSPs will be set up by NTPC in association with other developers, hence the land acquisition and evacuation infrastructure will be developed by developers and NTPC themselves.

Visakhapatnam police on Friday arrested over 90 people, including leaders and workers of Left parties who were going to protest at LG Polymers plant, the site of the gas leak incident on May 7 that killed 12 people.

We arrested them as they hadn't taken permission for the protest. A FIR filed against 96 people of Left parties, South ACP Swaroopa Rani said.

Atleast 57 members of the police tactical unit in Buffalo, New York resigned from the team on Friday to protest the suspension of two colleagues for pushing a 70-year-old man to the ground outside the City Hall on Thursday during the ongoing protests, the local media reported.

Two members of the Buffalo Police Department`s Emergency Response Team were suspended after the incident which was filmed on camera was released by a local radio station.

The coronavirus cases in India continue to spread rapidly as the country has marked significant and consecutive highest jumps in the COVID-19 tally over a major part of the last two weeks. With nearly 10,000 new cases reported in the last 24 hours, India's COVID-19 count on Saturday hit a new high - 2,36,657, overtaking Italy to take the sixth spot among countries with the highesr caseload of the virus.

At 9:30 AM on this day, the COVID-19 tally in the country has reached 2,36,657 cases, which includes 1,15,942 active cases; 1,14,073 cured, discharged, or migrated patients, and 6,642 deaths.

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